NORTHERN OCEAN (Germany) Market Value
| 4JO Stock | EUR 0.54 0.01 1.89% |
| Symbol | NORTHERN |
NORTHERN OCEAN 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NORTHERN OCEAN's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NORTHERN OCEAN.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in NORTHERN OCEAN on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding NORTHERN OCEAN LTD or generate 0.0% return on investment in NORTHERN OCEAN over 90 days. NORTHERN OCEAN is related to or competes with Norwegian Air, LAir Liquide, Infrastrutture Wireless, MYFAIR GOLD, and Lattice Semiconductor. Northern Ocean Ltd., together with its subsidiaries, provides offshore contract drilling services for the oil and gas in... More
NORTHERN OCEAN Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NORTHERN OCEAN's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NORTHERN OCEAN LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.28 |
NORTHERN OCEAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHERN OCEAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORTHERN OCEAN's standard deviation. In reality, there are many statistical measures that can use NORTHERN OCEAN historical prices to predict the future NORTHERN OCEAN's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.42) |
NORTHERN OCEAN LTD Backtested Returns
NORTHERN OCEAN LTD has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13 % return per unit of standard deviation over the last 3 months. NORTHERN OCEAN exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORTHERN OCEAN's Market Risk Adjusted Performance of (1.41), risk adjusted performance of (0.13), and Mean Deviation of 1.77 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORTHERN OCEAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORTHERN OCEAN is expected to be smaller as well. At this point, NORTHERN OCEAN LTD has a negative expected return of -0.31%. Please make sure to verify NORTHERN OCEAN's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if NORTHERN OCEAN LTD performance from the past will be repeated at future time.
Auto-correlation | 0.03 |
Virtually no predictability
NORTHERN OCEAN LTD has virtually no predictability. Overlapping area represents the amount of predictability between NORTHERN OCEAN time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NORTHERN OCEAN LTD price movement. The serial correlation of 0.03 indicates that only 3.0% of current NORTHERN OCEAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NORTHERN OCEAN LTD lagged returns against current returns
Autocorrelation, which is NORTHERN OCEAN stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NORTHERN OCEAN's stock expected returns. We can calculate the autocorrelation of NORTHERN OCEAN returns to help us make a trade decision. For example, suppose you find that NORTHERN OCEAN has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NORTHERN OCEAN regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NORTHERN OCEAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORTHERN OCEAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORTHERN OCEAN stock over time.
Current vs Lagged Prices |
| Timeline |
NORTHERN OCEAN Lagged Returns
When evaluating NORTHERN OCEAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORTHERN OCEAN stock have on its future price. NORTHERN OCEAN autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NORTHERN OCEAN autocorrelation shows the relationship between NORTHERN OCEAN stock current value and its past values and can show if there is a momentum factor associated with investing in NORTHERN OCEAN LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NORTHERN Stock
NORTHERN OCEAN financial ratios help investors to determine whether NORTHERN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NORTHERN with respect to the benefits of owning NORTHERN OCEAN security.